Archives for January 2017

January 31, 2017

The Government of Austria will plead to the European Commission (EC) to allow restricted access of Eastern European citizens to the labor market of the country. Reducing labor migration from the poorer countries of the European Union is one of the points in the new coalition agreement reached yesterday by the ruling Social Democrats and

China became the largest trading partner of Germany in 2016. The data of Commerce and Industry of Germany evaluated the overall volumes last year’s export-import operations. The total foreign trade volume between China and Germany reached about 145.3 billion USD in 2016, representing an increase of 2.6% from the previous year. The USA lost the

Inflation in Germany accelerated in January, reaching its highest level in three and a half years. The consumer prices in the Federal Republic grow by 1.9% annually, which is exactly the target level of the European Central Bank of just under 2%. The expectations of economists was for higher inflation of 2% against a CPI

January 30, 2017

The European Union will continue to invest against climate change, which goes against the policy of Donald Trump. The European Investment Bank pledged to keep its target for the investment of approximately 20 billion USD annually in fighting climate change during each of the next five years. “We Europeans must lead the free world against

Starbucks plan to hire 10,000 refugees during the next 5 years, according to the CEO of the coffee chain Howard Schultz. The migrants will receive a job during the next five years and all the cafes around the world will open its doors to refugees. Last week the US President Donald Trump issued an act

January 29, 2017

The US economic growth slowed more than expected in the last quarter of 2016. The trade has its biggest pressure on increase in six years, and consumer spending are more moderate. The business investment is accelerating and this could be a harbinger of faster expansion in 2017. The gross domestic product grew by 1.9% yoy

January 28, 2017

The US President Donald Trump has agreed immediately to begin negotiations with Britain to conclude a new trade agreement to preserve the gains that have now London as a member of the European Union. The decision on these high-level negotiations was taken on Friday during a visit to Washington of Theresa May. This decision can

The Swiss Economy Minister wants to conclude a free trade agreement with the United Kingdom, as soon as Brexit comes into force. The British government is not authorized to negotiate new trade agreements until the kingdom is a member of the EU. A Brexit talks with Brussels could last until 2019. Nevertheless, the Swiss minister

January 26, 2017

Business confidence in Germany declined unexpectedly in January, reaching its lowest level since September 2016, according to the results of the Munich Institute for Economic Research (Ifo). The data signal that companies are less optimistic about the outlook for the largest economy in Europe. The index of the Institute dropped from 111 points in December

Because of the cold weather the extraction of Ukrainian gas storage increased. The sharp decrease in temperature increases the abstraction of natural gas by 42% to 78 million cbm per day. As of January 26, the gas storage facilities in the country has 10.3 billion cbm of gas, which means that since the beginning of